California Real Estate Fraud Report

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Orange County Man Sentenced to 30 Years in Real Estate Investment Fraud

In one of the harshest sentences handed out in San Diego County, Thanh Viet “Jeremy” Cao, 30, of Rancho Santa Margarita received 30 years from  U.S. District Judge Larry A. Burns. He was convicted by a jury in December 2010 on three counts of wire fraud related to a Ponzi scheme that prosecutors alleged defrauded nearly 200 investors out of some $12.4 million.

Cao was convicted for extortion and other charges in which he threatened to murder a former business associate who he claimed owed him money, as well as the associate’s wife and children.

Once he became the target of an investigation by authorities in 2007, Cao filed phony liens against the federal judges and investigators, Secret Service agents and prosecutors who were pursuing him. The named targets were  U.S. District Judge Dana Sabraw, former U.S. Attorney Karen Hewitt, and Assistant U.S. Attorney John Owens.

Read the original article in SignOn San Diego.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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